Ministry of Finance: In January and February 2026, national government fund budget revenue totaled 536.3 billion yuan, a year-on-year decrease of 16%. Breaking it down by central and local governments, central government fund budget revenue was 86.2 billion yuan, a year-on-year increase of 6.7%; local government fund budget revenue was 450.1 billion yuan, a year-on-year decrease of 19.2%, of which revenue from the transfer of state-owned land use rights was 354.7 billion yuan, a year-on-year decrease of 25.2%.
